Monthly Archives: December 2016

A new ordinance on Measure against by SECO – Sanctions: Ordinance on economic measures against the Republic of Iraq
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SECO – Sanctions: Ordinance on economic measures against the Republic of Iraq
Bern, 19.12.2016 – The UN sanctions committee has amended the list of sanctioned individuals, companies and organizations. The SESAM database has been updated accordingly.
On 4 March 2016 the Federal Council has adopted the Ordinance on the automatic application of the UN Security Council’s sanctions lists. Hence, the amendments of the UN Security Council’s sanctions lists enter into force in Switzerland without delay. http://ift.tt/2bsbVmw
State Secretariat for Economic Affairs

A new ordinance on Measure against by SECO – Sanctions: Ordinance on Measures against North Korea
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SECO – Sanctions: Ordinance on Measures against North Korea
Bern, 19.12.2016 – The UN security council has amended the list of sanctioned individuals, companies and organizations. The SESAM database has been updated accordingly.
On 4 March 2016 the Federal Council has adopted the Ordinance on the automatic application of the UN Security Council’s sanctions lists. Hence, the amendments of the UN Security Council’s sanctions lists enter into force in Switzerland without delay.
State Secretariat for Economic Affairs

A new ordinance on Measure against by SECO – Evaluation SuisseID Project 2009-2015
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SECO – Evaluation SuisseID Project 2009-2015
Bern, 16.12.2016 – In 2009, temporary funding was approved for Information and Communication Technologies (ICT) projects in the scope of economic stabilisation measures, with the aim of creating ICT location advantages for Switzerland. The Federal Council and parliament identified a need for action with basic components that are essential for a modern business location. Measures ranged from the advancement of the digital signature to SuisseID as the standard of secure authorisation and signature in electronic business communication.
The State Secretariat for Economic Affairs SECO was entrusted with implementing the SuisseID project. After completion of the project SECO ordered an independent evaluation from the Institute for Economic Studies Basel (IWSB). The aim of the evaluation was to identify new information about the decisions made and measures realised during the project term 2009-2015. The evaluation should highlight strengths and weaknesses of the chosen approach for future projects with a similar background.
State Secretariat for Economic Affairs

The Office of Foreign Assets Control just updated its sanction list. The official date of the publication is December 15, 2016 at 11:06AM . Stay tuned to get the update files. Have a compliance question ? You are not alone ! By responding to this post you share it with the community. We will get back to you asap.

A new ordinance on Measure against by SECO – Economic recovery continues in Switzerland
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SECO – Economic recovery continues in Switzerland
Bern, 15.12.2016 – Economic forecasts by the Federal Government’s Expert Group – Winter 2016/2017*. After displaying positive development over several quarters, Switzerland’s GDP nearly stagnated in the third quarter of 2016. However, preliminary indicators now point to a renewed pick-up in growth, and the global economy is expected to continue generating momentum. The Expert Group therefore maintains its previous assessment and anticipates a GDP growth of 1.5% for full-year 2016. It expects to see a modest acceleration of GDP growth to 1.8% in 2017 and 1.9% in 2018, driven by both domestic demand and foreign trade. As the recovery continues, the unemployment rate will likely decline gradually from 3.3% (2016) to 3.2% (2017), and then to 3.1% (2018). The economic outlook thus remains positive, even if the “Swiss franc shock” will likely continue to have some impact on the economy.
State Secretariat for Economic Affairs

The Office of Foreign Assets Control just updated its sanction list. The official date of the publication is December 13, 2016 at 03:34PM . Stay tuned to get the update files. Have a compliance question ? You are not alone ! By responding to this post you share it with the community. We will get back to you asap.

A new ordinance on Measure against by SECO – Sanctions: Ordinance on Measures against Individuals and Entities Associated with Usama bin Laden, the Group «Al-Qaïda» or the Taliban
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SECO – Sanctions: Ordinance on Measures against Individuals and Entities Associated with Usama bin Laden, the Group «Al-Qaïda» or the Taliban
Bern, 13.12.2016 – The UN sanctions committee has amended the list of sanctioned individuals, companies and organizations. The SESAM database has been updated accordingly.
On 4 March 2016 the Federal Council has adopted the Ordinance on the automatic application of the UN Security Council’s sanctions lists. Hence, the amendments of the UN Security Council’s sanctions lists enter into force in Switzerland without delay.
State Secretariat for Economic Affairs

The Office of Foreign Assets Control just updated its sanction list. The official date of the publication is December 12, 2016 at 11:06AM . Stay tuned to get the update files. Have a compliance question ? You are not alone ! By responding to this post you share it with the community. We will get back to you asap.

The Office of Foreign Assets Control just updated its sanction list. The official date of the publication is December 09, 2016 at 10:58AM . Stay tuned to get the update files. Have a compliance question ? You are not alone ! By responding to this post you share it with the community. We will get back to you asap.

A new ordinance on Measure against by SECO – Sanctions: Ordinance on Measures against Syria
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SECO – Sanctions: Ordinance on Measures against Syria
Bern, 09.12.2016 – The Federal Department of Economic Affairs, Education and Research EAER has amended annex 7 to the Ordinance. 18 individuals have been added to the list. Additionally, one existing entry has been formally revised.
State Secretariat for Economic Affairs